$ADBE looks for support in “Go” trend

$ADBE looks for support in “Go” trend


July 2023


Alex Cole

$ADBE has been in a "Go" trend since late May.

Since then, we have seen a series of higher and highs and lows and GoNoGo Oscillator has been able to find support at the zero line.  It is a good sign when momentum stays on the side of the "Go" trend. Now, GoNoGo Oscillator is testing the zero line from above as price comes off its most recent high.  We will look to see whether the oscillator finds support here and if so we will say that momentum is resurgent in the direction of the "Go" trend and so we will look for price to make an attempt at a new high.